The car was sold to a telephone bidder, whose identity hasn't been revealed. Bonhams confirmed that there were 11 bidders in total, with three in the room at Goodwood and eight telephone bidders, the majority of which were from the US.

James Knight, group motoring director, Bonhams, said: "Today we have witnessed a bit of history."

When asked whether the car would be a sound investment he said:"Demand for the W196 will be just as big, if not greater, in 10 year's time."

The record price will also " instill further confidence in the market place," he added.